There are many benefits applicable if registered and compliant with SETA & WSP Compliance. This may include Discretionary Grants, Pivotal Grants, and Mandatory Grants. Some of these Grants could be allocated to companies based on SAQA accredited Learnerships or Shorter Skills Programmes.
Furthermore, the BEE Codes require confirmation of SETA & WSP Compliance registration and the submission of certain plans and reports to the relevant SETAs. This depends on the size of the business.
The Workplace Skills Plan (WSP) is one of the most powerful tools delivered to employers through skills development legislation. It is aimed at business expansion and sustainability. It is completed by companies with information specific to their business and the sector in which they operate.
The intention of Mandatory Grants is to incentivize employers to:
- Plan & implement training for their employees
- To create training and work experience opportunities for unemployed people.
Mandatory Grant Applications (WSP) are funded by 20% of the total levies paid by the employer who submits a Mandatory Grant Application. A mandatory grant is paid once the WSP has been received, assessed, and approved by the Regional Offices of SETA & WSP Compliance.
The requirements for a levy-paying employer claiming a mandatory grant must meet the eligibility criteria for the payment of a mandatory grant if an eligible employer:
- Has registered for skills development levies;
- Has paid the levies in the prescribed manner (minimum threshold R500k per annum);
On this subject, Gestalt Consult offers the following services:
Gestalt Consult can either assist or manage the completion of:
- Workplace Skills Plans
- Annual Training Reports
- Pivotal Reports
- Implementation of Priority Skills programs
- Trainee tracking tools
These services ensure SETA & WSP Compliance, achievement of equity within your organization, and linking this to your overall transformation strategy and B-BBEE scorecard. Contact Gestalt Strategies today to achieve SETA & WSP Compliance for your business.
Quick Contact Form
We offer a range of services from BEE assessments, compliance and consulting through to strategy and implementation.